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Gas Stations Not Profitable - Exxon Jumping Ship |
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Written by Tony
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Saturday, 14 June 2008 |
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So, if gasoline companies are so rich from gouging us, then why is Exxon/Mobile getting out of the gas station business?
It turns out, it's not profitable. Gas is the lowest profit item at gas stations. They make more money off the 20 gallon drinks than the gas we all need. And as soon as one station down the street has a lower price by just a few pennies, people are going there. The market is actually working, people.
"We are in a very, very challenging market. Margins are reduced," Exxon Mobil spokeswoman Prem Nair told Reuters. "We feel the best way for us to grow and compete is through our distributor network."
Remember, it's not the gas stations' fault. It's your Democratic party sitting in Congress that isn't listening to people right now. It's President Clinton that turned down an offer to start more drilling here in the U.S. (where we would have been pumping over 1 million barrels a day by now) and the Politically Correct environmental groups that have Congress afraid to allow drilling.
-T
Sources: Exxon to exit retail gas business: reports, Exxon Mobil to sell U.S. gas stations
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